Gordon Brown is an odds-on bet at 8:11 to be out of office by next September’s Labour conference; according to William Hill today.

The bookmaker is also convinced - or its customers are - that Alistair Darling will be out on his ear within a year. Odds of 2:5 that he won’t be Chancellor by next conference. Or 7:4 that he will still be in the job.

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Jim Pickard and Alex Barker, FT Westminster correspondents, share the latest news and gossip from the UK's political scene.
Alex Barker
Jim Pickard